Irish Unemployment Rate Drops To Fresh 8-1/2-Year Low

Irish seasonally adjusted unemployment rate fell to 7.1 percent in January 2017 from 7.2 percent in the previous month and from 8.5 percent in the same month of the previous year. It was the lowest reading since August 2008, as the number of unemployed declined further.

The seasonally adjusted number of persons unemployed was 154,800 in January 2017, down from 157,700 when compared to the December 2016 figure and a decrease of 29,800 when compared to January 2016.

The seasonally adjusted unemployment rate for males was recorded at 7.9 percent, down from 8.1 percent in December and from 10.2 percent a year earlier; while for females it was recorded at 6 percent, down from 6.1 percent from the previous month and from 6.6 percent in January 2016. The number of males unemployed dropped by 2,400 from the previous month to 94,700, while the number of females unemployed decreased by 500 to 60,100.

Youth unemployment rate fell to 13.5 percent, the lowest reading since June 2008, from 14.4 percent in the previous month.

Unemployment has fallen sharply since the jobless rate hit a high of 15.2 percent in the first two months of 2012.

Irish Unemployment Rate Drops To Fresh 8-1/2-Year Low

CSO | Joana Ferreira |
1/31/2017 11:12:35 AM